Budget Amendment ID: FY2017-S4-58

OTH 58

Community Preservation Trust Fund

Ms. Creem, Mr. Downing, Ms. Flanagan, Ms. Gobi, Ms. L'Italien, Mr. Eldridge, Ms. Lovely, Messrs. Moore, Humason, Lewis, McGee, Barrett and Brownsberger, Ms. O'Connor Ives, Messrs. Timilty, Keenan and Lesser, Ms. Chang-Diaz, Messrs. Brady, Welch and Wolf moved that the proposed new text be amended by inserting, after section __, the following new section:-

"SECTION ___.  Notwithstanding any general or special law to the contrary, prior to transferring the consolidated net surplus in the budgetary funds for fiscal year 2016 to the Commonwealth Stabilization Fund under section 5C of chapter 29 of the General Laws, the comptroller shall transfer $25,000,000 to the Massachusetts Community Preservation Trust Fund established in section 9 of chapter 44B of the General Laws. "